Ah yes. This was pre-globalization. This backfired in the 80s when Ronald Reagan allowed Japanese automakers to expand in the american market.
Suddenly quality became a big selling point. "Americans are enamored with the appliance like durability of the Japanese automobiles" The end result is that the US automakers are still struggling, while the Japanese automakers are dominating the market.
We are witnessing history repeat itself in other markets now. GE will be scrapping their consumer appliance branch of the company soon. They just could not compete in that market anymore.
Planned obsolesce is a dumb business model for most products, and these companies are learning the hard way.
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senpaithatignoresyou ago
Ah yes. This was pre-globalization. This backfired in the 80s when Ronald Reagan allowed Japanese automakers to expand in the american market.
Suddenly quality became a big selling point. "Americans are enamored with the appliance like durability of the Japanese automobiles" The end result is that the US automakers are still struggling, while the Japanese automakers are dominating the market.
We are witnessing history repeat itself in other markets now. GE will be scrapping their consumer appliance branch of the company soon. They just could not compete in that market anymore.
Planned obsolesce is a dumb business model for most products, and these companies are learning the hard way.
piedeity ago
"GE will be scrapping their consumer appliance branch of the company soon." They sold it to Haier two days ago.
senpaithatignoresyou ago
Damn, i need to keep up with things.
Next you will be telling me that someone hacked their predix operating system and turned off an aircraft engine or shut down a turbine....